TLD Whitepaper
  • Part I: What is The LifeDAO?
    • Introduction
    • Mission
    • Background
      • Islamic finance and insurance
      • Why is conventional insurance not shariah-compliant?
      • Takaful, an Islamic alternative to conventional insurance
        • Takaful vs. Conventional Insurance
        • Takaful in light of the Shariah
    • The LifeDAO: Inspired by Takaful, native to the blockchain
      • Two Funds, Two Entities
      • Risk, Solvency and the Benefit Multiplier
      • Shariah compliance of TLD
    • The Takadao Protocol
      • Takadao’s Technology Stack
      • Takadao Reprotection Pool
  • PART II: The LifeDAO Membership
    • Member Journey
    • The LifeDAO Membership
      • Membership Benefits
      • Membership Privileges
      • Benefit 1: Benefit Payout
      • Benefit 2: Surplus Distribution
      • Benefit 3: Governance Rights
      • Privilege 1: Verifier Incentive Program (VIP)
      • Privilege 2: Contributor Committee
      • Privilege 3: TAKA Token Airdrops
      • Allocation of Membership Contributions
      • Benefits Payout Management
      • Governance and the Contributor Committee
      • Contributor Functions
        • Screen Proposals
        • Endorse and Advocate for Proposals
        • Implement Proposals through Multisig
      • The LifeDAO Investment Pools
        • Investment Conditions
        • Deposit and Withdrawal Mechanisms
        • Governance
Powered by GitBook
On this page
  1. PART II: The LifeDAO Membership
  2. The LifeDAO Membership

Privilege 1: Verifier Incentive Program (VIP)

The validity of a Benefit Payout request is determined by the Decentralized Benefit Payout Management (DBPM) process that is a part of the Takadao protocol. While DBPM is powered by technology, it still requires human inputs. TLD members are eligible to opt in to participate in the Verifier Incentive Program (VIP) to do the job of processing Benefit Payout requests.

Participation in VIP earns members additional rewards that translate to higher Benefit Payouts and Surplus distributions.

PreviousBenefit 3: Governance RightsNextPrivilege 2: Contributor Committee

Last updated 9 months ago